Outcome of the Board Meeting and Integrated Financial Statements are attached herewith
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Chowgule Steamships' board, meeting on August 7, 2025, approved the unaudited standalone financial results for Q1 FY26 (quarter ended June 30, 2025). Total income stood at Rs 165.27 lakhs, down from Rs 186.18 lakhs in Q1 FY25 (a decline of about 11%). Profit after tax was Rs 27.98 lakhs (EPS Rs 0.08), lower than Rs 50.80 lakhs in the same quarter last year. M.N. Choksi & Co. LLP issued an unqualified limited review report with no qualifications or emphasis of matter. The company also disclosed that its wholly-owned subsidiary Chowgule Steamships Overseas Limited (Guernsey) has been formally dissolved as of June 16, 2025.
Mixed signals for shareholders: top-line and profits have shrunk versus the year-ago quarter, but the company remains profitable and the auditor's review is clean. Dissolution of the dormant overseas subsidiary simplifies the corporate structure but is not financially material.